Bloomberg analyst is confident that BTC will rise to $20,000

In 2021, the Bitcoin rate will rise to $20 thousand and reach a new historical maximum, wrote Bloomberg analyst MikeMcGlone on his Twitter account. He explained that the rise in the price of BTC is supported by the rally that has begun in the cryptocurrency market, as well as technical and fundamental indicators, reports RBC Crypto.

McGlone added that gold will rise in price next year. Its cost can rise to $ 2 thousand per ounce. Precious metal will rise in price on the same factors as bitcoin.

"The average annual price of gold is closer to $2,000 per ounce, bitcoin is $20,000.In 2021.McGlone wrote.

Pendulum Swings Favorably Toward $2,000 #Gold,$20,000 #Bitcoin — Annual average prices are on pace to reach $2,000 an ounce for gold and $20,000 for Bitcoin in 2021. Refreshed bull markets in the quasi-currencies, with improving fundamental and technical underpinnings….. pic.twitter.com/Xgbyfmstzo

- Mike McGlone (@ mikemcglone11) November 9, 2020

This is not McGlone's first positive outlook forbitcoin rate. In early October, he suggested that the first cryptocurrency would rise to $ 100,000 by 2025, and gave several reasons for this. Among them are the monetary policy of states, which leads to the depreciation of fiat currencies.

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